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Close of 2014 tax planning presents challenges to individuals, businesses: Part 2
In part 1 of this column I discussed tax breaks for individuals and businesses that may be extended or reinstated retroactively by Congress, as well as what those who earn higher incomes should address in their year-end tax planning. This part of the column lists some moves individuals can make right now that have potential tax-savings benefits. These additional actions based on current tax laws mentioned here are beyond those discussed in Part 1 and may help save tax dollars if they are acted on before year-end. Although not all (Read more...)